Regulatory Alerts2026-03-16 | 13807The Status of the Central Office for Credit Risk
The Governor of the Central Bank of Lebanon issued Central Office Decision No. 13807 to amend the Central Office for Credit Risk System by raising the threshold for applying Article Two’s provisions to total credit facilities exceeding L.L. 20,000,000 (or equivalent in foreign currencies) per subscriber per person, effective from the November 2025 status. The decision also mandates that magnetic disk data submitted by banks and financial institutions carry absolute confidentiality, restricting their use to informing requesting institutions of total customer credit facilities and granting banks risk-review rights, with direct notification to customers when necessary. This amendment takes effect immediately upon issuance and is published in the Official Gazette.